ARTICLE
29 January 2020

Corporate Governance: QCA Publishes AIM Good Governance Review 2019/20

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On 10 December 2019, the Quoted Companies Alliance (QCA) in conjunction with UHY Hacker Young published the AIM Good Governance Review 2019/2020.
United Kingdom Corporate/Commercial Law

On 10 December 2019, the Quoted Companies Alliance (QCA) in conjunction with UHY Hacker Young published the AIM Good Governance Review 2019/2020.

The review looks at AIM company corporate governance disclosures following the AIM Rule 26 changes in September 2018 that required AIM companies to disclose which corporate governance code they have adopted. The review notes that the most common code followed is the QCA Corporate Governance Code—in the survey mentioned below the QCA says that 90% of AIM companies have adopted the QCA Code—and that generally the quality of corporate governance disclosures has continued to improve.

On 26 November 2019, YouGov published a survey ("Corporate Governance on AIM"), of 139 AIM companies about their experience of having to adopt a corporate governance code following the AIM Rule change mentioned above. The QCA noted that 39% of companies said that adopting the QCA Code has helped their business and that as a result of adopting the QCA Code, 40% of companies have disclosed more information to the market.

The AIM Good Governance Review can be found here.

The Corporate Governance on AIM survey can be found here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More